IIM Bangalore concludes summer placements

NEW DELHI: The summer placement season for the PGP class of 2015-17 of the Indian Institute of Management Bangalore (IIM B) concluded on Tuesday, IIM B said in a statement.

IIM B is also simultaneously hosting the summer recruitment process for IIM Visakhapatnam PGP Class of 2015-2017 with around 60% of applicants having been placed. IIM B's placement committee was also involved in the mentorship of IIM Vishakapatanam students in the run up to the placement process.

Introduction of the dream company choice was the major highlight of this summer placement season. Recruiters such as Tata Administrative Services, Aditya Birla Group, P&G, ITC, Hindustan Unilever were chosen by students with offers as their dream company.

This year the process witnessed the participation of 410 eligible students and more than 150+ companies came to hire students for summer stints in multiple roles such as consulting, investment banking, markets, corporate banking, sales and markets, business leadership, product management, operations, category management, and general management.

Temasek Holdings renewed hiring from IIM Bangalore again after a gap of more than 5 years. IIM B played host to most big international banks such as Goldman Sachs, HSBC, Barclays, JP Morgan, Bank of America Merrill Lynch, Deutsche Bank, Citibank, Development Bank of Singapore and Standard Chartered on the first day of the summers placements.

Private equity/venture capital roles by Blackstone, IDG Ventures and Brand Capital were offered to the students. India Value Fund, Nirvana Ventures and LightBox Ventures were some of the first time recruiters in this domain. A host of Indian banks and financial institutions such as Avendus Capital, Axis BankBSE -1.30 %, ICICI BankBSE -0.69 %, Yes Bank and Edelweiss also made offers during the placement process.

The Boston Consulting Group made 22 offers which was also the highest number of offers ever made by it across Indian campuses. Accenture Management Consulting with 16 offers and Mckinsey & Co with 12 offers were also top recruiters this year.

Around 30% of the entire batch received offers in the consulting sector, which also included reputed names like Bain & Company, Strategy&, A T Kearney, Roland Berger, Alvarez & Marsal, PWC Diamond, Capgemini, IBM Consulting, Cognizant Business Consulting and GEP Consulting.

Other prominent recruiters in this space were EXL Services, Ernst & Young, KPMG and PricewaterhouseCoopers.

Many students also chose to go to sales and marketing functions, and were extended offers by major consumer goods and services firms. Major recruiters in this category were Mondelez, Asian Paints, Hindustan Unilever, Phillips, Coca Cola, ITC, Times Group, Johnson & Johnson, PepsiCo, Uber and Wipro Consumer Care among others.

Telecom majors Vodafone and Bharti AirtelBSE -1.27 % also made a number of offers in this domain. The major retail firm from Middle East - M.H. Alshaya - also recruited in good numbers this year.

"The Summer Placement Process 2016 successfully concluded today and was very well received by the recruiters. Many of them ended up doubling their usual number of offers based on the talent pool available in IIM Bangalore," said professor Ganesh Prabhu, chairperson, Career Development Services, IIM B.

Ankur Agrawal, placement representative, said: "Consulting firms continued their preference towards hiring IIM B students with some of them making unprecedented number of offers. Also, marquee and first time private equity/venture capital recruiters added to the quality of offers rolled out to the students."